World Wrestling Entertainment Investor Relations and Corporate Developments

World Wrestling Entertainment Investor Relations and Corporate Developments is a crucial aspect of the company's overall strategy. The company has a dedicated Investor Relations team that provides regular updates to investors and analysts.

The team is led by a seasoned executive with over 10 years of experience in finance and investor relations. This expertise ensures that investors receive accurate and timely information about the company's performance and future prospects.

The Investor Relations team uses various channels to communicate with investors, including quarterly earnings releases, conference calls, and investor meetings. These updates provide valuable insights into the company's financial health and business strategy.

The company's corporate developments are also closely monitored by investors, with a focus on strategic partnerships, new business ventures, and mergers and acquisitions.

WWE's business model is as multifaceted as their storylines, driven significantly by television and digital media rights, live event ticket sales, and consumer products.

The company's revenue streams are diverse, including television and digital media rights, live event ticket sales, consumer products, licensing agreements, and premium content subscriptions to WWE Network.

WWE has adeptly harnessed the power of modern media to diversify its offerings, expanding beyond traditional wrestling matches into realms like original programming and social media engagement.

The WWE corporate team is comprised of highly experienced professionals.

Seth Zaslow serves as the Senior Vice President and Head of Investor Relations.

Nick Khan is the Chief Executive Officer of WWE.

Paul Levesque is the Chief Content Officer.

Frank A. Riddick III is the President and Chief Financial Officer.

David Karnovsky, an analyst from JPMorgan, participated in the conference call.

Endeavor and WWE Deal to Create TKO Group Holdings is expected to close on September 12, 2023.

The new company, TKO Group Holdings, will list on the New York Stock Exchange and begin public trading under the ticker symbol "TKO".

Endeavor is a global sports and entertainment company that's home to many of the world's most dynamic and engaging storytellers, brands, live events, and experiences.

The company is comprised of industry leaders including entertainment agency WME, sports, fashion, events, and media company IMG, and premier mixed martial arts organization UFC.

UFC is the world's premier mixed martial arts organization, with more than 700 million fans and 228 million social media followers.

WWE, a publicly traded company, is an integrated media organization and recognized leader in global entertainment, with a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience.

The new company, TKO Group Holdings, will bring together the strengths of Endeavor and WWE, creating a powerful force in the sports and entertainment industry.

Endeavor and WWE are two of the biggest players in the industry, and their deal to create TKO Group Holdings is a significant move that will have a major impact on the market.

The deal is expected to close on September 12, 2023, and will create a new publicly traded company that will begin trading on the New York Stock Exchange under the ticker symbol "TKO".

The WWE reported revenue of $1.15 billion in 2020, a 22% increase from 2019.

In 2019, the company's revenue was $944 million, with a net income of $178 million.

The WWE's revenue growth can be attributed to the rise of digital media, with a 25% increase in digital streaming revenue.

Net income increased to $202 million in 2020, up from $178 million in 2019.

The company's operating income was $223 million in 2020, a 25% increase from $178 million in 2019.

The WWE's cost of revenue decreased by 15% in 2020, from $743 million to $632 million.

Operating expenses increased by 12% in 2020, from $1.15 billion to $1.29 billion.

The company's cash and cash equivalents stood at $444 million in 2020, up from $343 million in 2019.

The WWE's long-term debt was $2.3 billion in 2020, up from $2.1 billion in 2019.